Indian M&A: Regulatory and Tax Landscape

Since the mid-1990s, mergers and acquisitions have become frequent in India because of economic liberalisation and structural reforms. In 2011, India was the second emerging country after China where such operations became a regular phenomena. This article examines the legal and fiscal environment and highlights the constraints to which Indian and foreign companies are subjected when undertaking such operations. In the second section, it analyses a certain number of typical examples to demonstrate the need for a better understanding of such constraints.